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Advance tax

Direct Taxation

What is the Interest and TDS implication: On 1/4/2019,Mr.Rajesh started a year recurring deposit of 80000 per month @ 8%p.a. with PQR Bank. The recurring deposit matures on 31/3/2020.

T G

CA Inter

★ 1K+

27-Feb-20 15:40

635

Answers (5)

If the interest amount exceeds threshold limit, TDS will be deducted.

CA Suraj Lakhotia

Admin

27-Feb-20 16:44

I'm getting the wrong answer, so can you please explai

Thread Starter

T G

CA Inter

★ 1K+

27-Feb-20 17:11

Hey, Is your answer coming 41,600 ?

CA Rahul Paul

Qualified CA

★ 10

28-Feb-20 21:19

I'm getting a different answer but in board material they gave 41600,so can you please explain how you got 41600

Thread Starter

T G

CA Inter

★ 1K+

29-Feb-20 06:50

Please share your solution as an image. we shall go through and revert

Sriram Somayajula

Admin

13-Mar-20 19:44

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